A popular analyst is providing price target updates for a handful of crypto assets as the markets fight to wrap up the week in positive territory. The pseudonymous trader known as Altcoin Sherpa tells his 181,400 Twitter followers that after a week of choppy downward price movement, he still believes Bitcoin (BTC) has enough strength …
Monthly archives: August 2022
Crypto Exchange Coinbase Adds Support for Altcoin Built on Ethereum (ETH) As Markets Pause
An interoperability protocol focused on ease of use just joined the leading US-based crypto exchange’s trading roster. In a new post, Coinbase says that Celer Network (CELR) is now live across its entire platform, including on the iOS and Android apps. The Celer Network scaling platform was built on Ethereum (ETH) and is designed to …
A sharp drop in TVL and DApp use preceded Avalanche’s (AVAX) 16% correction
After an impressive 73% rally between July 13 and Aug. 13, Avalanche (AVAX) has faced a 16% rejection from the $30.30 resistance level. Some analysts will try to pin the correction as a “technical adjustment,” but the network’s deposits and decentralized applications reflect worsening conditions. Avalanche (AVAX) index, USD. Source: TradingView To date, Avalanche remains …
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Nigeria aims for millions of new eNaira users as it increases features, targets unbanked
The eNaira, Nigeria’s central bank digital currency (CBDC), will enter the second phase of its expansion with new technology to beef up its user base, Nigerian Central Bank governor Godwin Emefiele said Thursday, speaking at the 2022 eNaira Hackathon in Abuja. The eNaira, Africa’s first CBDC, was launched in October 2021. “The eNaira is a …
Babydoge/Usdt Is Bearish, Tamadoge Promises to Do Better
BabyDoge has witnessed a significant rally in the upside direction. This upward rally started sometime around the 7th of this month. BABYDOGE/USDT Value rallied and reached $0.0000000018200 from around $0.000000001300. More interesting developments might be around the corner, but we won’t know, until we analyze market signs through trading indicators. BABYDOGE Forecast Statistics Data: BABYDOGE …
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Immutable X Daily Price Prediction for the 18TH of August: IMX/USD Bulls Too Weak to Regain the Market
On the daily chart of IMX/USD, the market is mostly filled with very bearish candlesticks The bears are the dominant of the market. But the bulls have also made some strong moves to regain the market. On the 27th to 30th of July, the bulls had a victory that was soon to be taken …
Chiliz Pumps 45% in Last 7 Days: Here’s Why
Chiliz pumps 45%, maintaining its previous-day uptrend, and drew additional bids near the 0.228167 level. Chiliz (CHZ) experienced a spectacular upswing in the last 24 hours, gaining more than 23% on Tuesday, August 16. The CHZ team hinted at an impending testnet update, which helped the project gain traction. The Chilliz team may have hinted …
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Litecoin Price Prediction for Today, August 18: LTC Trade Retraces
Litecoin Trade Retraces – August 18Price valuation of the LTC/USD market activity is gradually taking to a mere dimensional direction as the crypto trade Retraces. The crypto business bargains around $61.16 at an average percentage rate of 1.01 positive. Litecoin (LTC) Statistics:LTC price now – $61.16LTC market cap – $4.3 billionLTC circulating supply – 70.9 …
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BitMex Founder Arthur Hayes Says He Is “Max Bidding” Ethereum Pre Merge
Former Bitmex CEO Arthur Hayes expects a significant increase if the Merge is successful; therefore, he is not planning a “sell the news” event. In the most recent writings on his Medium Blog, “Eth-Flexive” and “Max Bidding,” Arthur Hayes argues that Ethereum will have a rally similar to Bitcoin’s halving, based on current network usage. …
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Huobi Exchange’s HUSD Stablecoin Loses Its Peg To The US Dollar
Stable Universal’s HUSD stablecoin has lost its peg to the US dollar The stablecoin was earlier launched in 2018, in collaboration with the Huobi crypto exchange Huobi Bitcoin exchange’s stablecoin HUSD has lost its peg to the US dollar and is currently trading at $0.88. HUSD Stablecoin Plummets To $0.88 HUSD, a stablecoin managed by …
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After the Exploit and Burn Repair, Acala Almost Reached Its Original Peg of 1:1
The Acala Dollar (aUSD), Polkadot’s native decentralized stablecoin, hit a new low of $0.0054 on August 14 and lost its $1 peg. Acala Network had previously observed a suspicious transaction. Hackers are believed to have attacked the iBTC/aUSD pool. Acala acknowledged that a problem with the Honzon protocol’s setting impacts the aUSD. The stablecoin loses …
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Drop in OpenSea NFT Trading Volume: Lowest in 13 Months
Drop in OpenSea NFT trading volume drops to the lowest level in 13 months. According to DappRadar data, only $10.1 million worth of NFTs were traded on the platform on August 9, compared to $184.5 million worth of users trading on the same date exactly 7 months prior when they reached all-time highs. As demand …
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North Korean Hackers Have Looted $1,000,000,000 From DeFi Protocols This Year: Chainalysis
Hacking groups affiliated with North Korea are responsible for much of the theft occurring on decentralized finance (DeFi) protocols, according to blockchain analysis platform Chainalysis. The market intelligence firm says that hackers linked to the isolated country have stolen a billion dollars from DeFi protocols so far this year. “Much of the value stolen from …
W3 Storage Lab Raises $3 Million in Pre-Seed Round
August 18, 2022 – Sunnyvale, California Software developer to create a suite of killer DApps that leverage next-generation protocol and marketplace for decentralized storage. W3 Storage Lab, a Web 3.0 decentralized application company, announced that it closed a pre-seed financing round of $3 million. The round was co-led by Draper Dragon and OKX Blockdream Ventures, …
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Massive Online PFP NFTs Meetup in the Mega World
There are many things that make Mega World stand out among other metaverses. In fact, the cornerstone of what makes a virtual world interesting, engaging and full of opportunities – is the underlying economy. Mega World is built on top of the popular Web 3.0 city builder game MCP3D running on Ethereum blockchain since 2018, where …
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